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Cendyn and Pegasus complete merger

The combined company will be led by Tim Sullivan, Cendyn’s CEO/president
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Hyatt plots Americas growth through ‘23

Company plans to open 45 hotels in the region through 2023
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AHLA: Move toward recovery continues in ‘22

Occupancy and room revenue expected to approach 2019 levels
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U.S. hotel projects dip in Q4 ’21

Construction pipeline stands at just over 4,800 projects
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